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GE to pay 23 million dollars after Iraq bribery charges

US industrial titan General Electric has agreed to pay over 23 million dollars to settle allegations that it bribed Iraqi officials, a US financial watchdog said on Tuesday. GE had been accused by the Securities and Exchange Commission of being part of “a 3.6 million dollar kickback scheme with Iraqi…

Obama to hold press conference on McChrystal at 1:30 PM ET

LATEST UPDATE: OBAMA HAS SAID HE WILL MAKE REMARKS ABOUT THE GENERAL AT A PRESS CONFERENCE IN THE ROSE GARDEN AT 1:30 PM ET. MORE SOON. WASHINGTON (Reuters) – President Barack Obama met his top Afghanistan commander on Wednesday to decide whether to fire him over inflammatory comments that angered…

UN Secretary General to Israel: ‘End the blockade’

Ban Ki-moon, the U.N. Secretary-General, said Wednesday that Israel should end its blockade of Gaza and that the deaths of activists aboard an aid flotilla could have been avoided. “Had the Israeli government heeded to international calls and my own strong and urgent and persistent call to lift the blockade…

Holder: World Bank estimates corruption serves as 20 percent tax

US Attorney General Eric Holder on Monday reaffirmed his country’s commitment to fight corruption, which he described as “one of the great struggles of our time.” “Put simply, corruption undermines the promise of democracy. It imperils development, stability, and faith in our markets,” he said at the Paris headquarters of…

Holder: World Bank estimates corruption serves as 20 percent tax

US Attorney General Eric Holder on Monday reaffirmed his country’s commitment to fight corruption, which he described as “one of the great struggles of our time.” “Put simply, corruption undermines the promise of democracy. It imperils development, stability, and faith in our markets,” he said at the Paris headquarters of…

Ex-wrestling exec, pol who falsely claimed Vietnam service will vie to replace Sen. Dodd

Actual war hero defeated by Republican McMahon supporters still got enough votes to force another poll Criticism aimed at Connecticut Attorney General Richard Blumenthal wasn’t enough to keep him from securing the Democratic nomination for Christopher Dodd’s U.S. Senate seat but was sufficient to help political unknown and ex-wrestling executive…

Virginia Attorney General to Tea Partiers: ‘Hold your breath’ to save trees

Virginia Gov. Bob McDonnell has managed to rankle progressives time and again during his few months in office. Now, his administration is following up on its legal fight against the EPA by ruthlessly mocking environmentalists. Virginia Attorney General Ken Cuccinelli last month filed a lawsuit against the Environmental Protection Agency…

Pay czar orders 15 percent pay cut for bosses at bailed-out firms

WASHINGTON — President Barack Obama’s pay czar on Tuesday ordered executive compensation at prominent bailed-out firms to be cut by 15 percent, amid voter anger over Wall Street pay. Kenneth Feinberg said 119 executives at AIG, Chrysler, Chrysler Financial, General Motors and its troubled former finance arm GMAC would see…

General Motors offers to reinstate 661 US dealerships

General Motors on Friday offered to reinstate 661 US dealerships slated for closure under its massive restructuring plan, amid legal challenges from the dealers and pressure from lawmakers. GM sought to shut down about 2,000 dealers – or about a quarter of its network – in order to increase profitability…

DoJ reveals names of lawyers smeared as ‘Al-Qaeda 7′

Yesterday, a conservative group run by Bill Kristol and Liz Cheney released a political ad accusing seven lawyers within the Department of Justice of being un-American because they advocated for detainees held in Guantanamo. Today, the names of those lawyers were revealed by a spokesman for the Justice Department who…

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